Xie Wei'an

“Things work out best for those who make the best of how things work out.” —John Wooden

Bitcoin on Thursday retreated from its all-time high struck a day earlier after the debut of the first U.S. bitcoin futures exchange-traded fund, while analysts questioned the impact on cryptocurrency investment flows. and financial management

Bitcoin on Thursday retreated from its all-time high struck a day earlier after the debut of the first U.S. bitcoin futures exchange-traded fund, while analysts questioned the impact on cryptocurrency investment flows.

The world's largest cryptocurrency was down 4.35% at $63,122.78, at 2:10 p.m. Eastern time, after hitting a record $67,016 on Wednesday.

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Cboe Global Markets (CBOE.Z) said on Wednesday it was buying Eris Digital Holdings (ErisX), a spot and derivatives exchange for digital assets, as the exchange operator seeks to become a major player in the cryptocurrency industry.

Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve's massive injection of cash into financial markets.